After largest sell-offs since 2008, the $PHLX Semiconductor Index(.SOX.US)$
has dropped 35.83% in a year, and many leading chip companies' share prices were cut in half.
An industry with a long runway
A recent Invesco report shows global semiconductor sales expend 50x in 40 years, twice the growth of global GDP. However, the semiconductor cycle occurs every 3-4 years, due to supply-demand mismatch.
How to find the turning point?
How to navigate the cycle?...